Investment

Fears mount over fire sale of rental properties

News Category: Industry News Published: 17-May-2010 Concern is mounting over the Government’s plans to hike Capital Gains Tax to the same levels as income tax – effectively, a 22% rise for many. There are fears that there could be a fire sale among buy-to-let landlords rushing to dispose of properties before the new rate kicks…

Landlords

Buy-to-let landlords are being held back from expanding their property portfolios because of a lack of mortgage availability, it has been claimed.

Vincenzo Rampulla, public affairs officer at the National Landlords Association, says due to the lack of home loan finance it is unsurprising that many landlords are unable to add to their portfolio. “Until lenders release their purse strings we will see many landlords unable to make the most of low interest rates and increased tenant…